Investors considering a Playa del Carmen condo for sale have two primary options. One is preconstruction, the other is price reductions. While the Playa del Carmen market has been fairly resilient to the plunges in housing prices seen in other beachfront locations, especially in the U.S., prices are still more accessible, and excellent price reductions still show up on the market. Since these get bought up quickly, it's necessary for buyers to be on the ball.

Another excellent example of this kind of deal is a 2 bedroom beachfront condo in the Coco Beach area near downtown Playa del Carmen.

The condo's original price was $300,000 USD, a very fair price for any Playa del Carmen real estate directly on the beachfront. Motivated to sell quickly, the owner has lowered this price by 20%, to only $240,000 USD

Some of the unit's main features include:

• Direct Oceanfront Location

• 2 Bedroom / 2 Bath

• 120 square meters / 1291 square feet

• Ground Floor Unit

• Small, 6-Unit

• Fully Furnished and with Appliances

• Mini Split A/C Units in all Rooms

• Location in Coco Beach Neighborhood

• Quiet Residential Area

• Pool

• Care taker on Site

Coco Beach

To fully understand the value of this unit, it's necessary to understand it's location. The Coco Beach area is downtown Playa del Carmen's next important up-and-coming hip neighborhood. It's located just north of the main downtown tourist area, within walking distance. Up until now it has been considered the end of the of tourist beachfront area; some new developments promise to make it much more like the center.

First of all, the downtown tourist area, focused on Fifth Avenue, the pedestrian road with restaurants, shops, cafes and bars, running paralled to the beach, has nowhere to grow, except towards Coco Beach. Directly south of the main downtown area is Playacar, the area's original upscale gated community. The rapid growth of this thriving tourist area is heading straight north, very quickly. Upscale cafes and restaurants, as well as a handful of bars and martini lounges have just begun to open up as close as 4 blocks away from the point where Fifth Avenue passes Coco Beach. A nice new pizza shop has already opened directly on the edge of the community (which is located between Fifth Avenue and the beach.)

As Fifth Avenue grows past Coco Beach, it means that both property values and rental demand from tourists will probably grow significantly, promising good return on investment.

In the mean time, property values are healthy, vacation rental is already very attractive (the touristy part of Fifth Avenue is only a 10 minute walk away, and the beach is beautiful in this location.)

Especially with the drastically reduced price, this condo shows good signs of being a great investment!

To view further photos, see the Playa del Carmen listing for this property.

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